Australian Tax Year-End Approaching

The Australian government’s financial year begins July 1 of the previous year and concludes on June 30.  The year ending on June 30, 2012 is referred to as “financial year 2011-12″ or sometimes just “financial year 2012”.

With the end of the financial year approaching, it is important for Australian businesses to understand their tax filing requirements.

Below is a quick guide to the Australian Employer Tax Year-End Requirements:

  1. Payment Summary Listing (similar to US W2)
    • Purpose and/or Description: Employee earnings and taxes paid for Australian Taxation Office (ATO)
    • Deadline: Due to employee no later than July 14, 2012
  2. Superannuation Report
    • Purpose and/or Description: Year-to-date figures sent to Super funds
    • Superannuation in Australia refers to the arrangements which people make in Australia to have funds available for them in retirement
    • Superannuation payments due:
      • By July 28, 2012 to satisfy superannuation guarantee charge (SGC) guidelines
      • By June 30, 2012 to claim tax deduction
  3. Payroll Tax Annual Reconciliations
    • Purpose and/or Description: Reconciliations to related State Revenue Offices
    • Deadline: Payments due July 21, 2012

For the most up to date information (rates and limits) regarding Australian tax year-end, visit


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